Economy

No changes in tax rate: Finance Minister

Kathmandu / Aug 12: Minister for Finance, Dr Yubraj Khatiwada, has said that though there were challenges in revenue collection for the implementation of budget of the current fiscal year, the rate of tax has not been changed. During the meeting of Finance Committee of the Parliament held on Sunday, Finance Minister Khatiwada clarified that […]


WB doubles assistance: Finance Minister

Kathmandu / Aug 11: Finance Minister Dr Yubaraj Khatiwada has shared that the World Bank has decided to double the development assistance it has been providing to Nepal. The assistance would be doubled for the implementation of the development projects under the government’s priority, he added. Minister Khatiwada shared this information after returning from the […]


New development in tourist hub Thamel

KATHMANDU, August 8: Thamel, the tourist hub of Kathmandu, will have a new addition to its package offering to tourists—a cycle lane. The new addition is believed to boost the inflow of tourists as tourists relish cycling more. The initiative taken by the Kathmandu Metropolitan City responds to the clamour of environmentalists and cyclists for […]


Nepal trade deficit crosses $10 bn mark for first time

Kathmandu, August 7: Nepal’s trade deficit crossed the $10 billion mark for the first time in the last fiscal year 2017-18, that concluded in mid-July, due to surging imports against sluggish exports, Nepal’s Department of Customs (DoC) said on Monday. According to the statistics released by the DoC, trade deficit of the Himalayan country reached […]


Alternative trails sought in wake of shortened trekking routes

Basudev Poudel Pokhara, Aug 2: The stakeholders and concerned tourism agencies in western region are seeking alternative trails as the rampant construction and expansion of roads were shortening the trekking routes in the region. Trekking routes under the Annapurna Circuit Trek were being shortened to cover by transportation system. For instance, one can cover the […]


Malaysian cabinet to discuss issue of Nepali workers

KUALA LUMPUR, July 31: The Home Ministry of Malaysia will brief the Cabinet on Friday (Aug 3) over the Nepalese government’s decision to bar its workers from coming to Malaysia. The Malaysian Human Resources Minister M. Kulasegaran said that the briefing will also include steps to resolve the issue for a “win-win” situation for both […]


Energy Minister urges Israel to consider investment in energy sector

Kathmandu, July 30: Israeli Ambassador to Nepal Benny Omer paid a courtesy call on Minister for Energy, Water Resources and Irrigation Barshaman Singh Pun here today. During the meeting held at Minister Pun’s office, they discussed the issues relating to mutual cooperation between Nepal and Israel among others, according to Minister Pun’s Secretariat. Minister Pun, […]


Investment doubles in Nepal in 2017-18 fiscal

KATHMANDU, July 29 (Xinhua) — Industrial investment more than doubled in Nepal in the last fiscal year 2017-18 that concluded in mid-July, the Department of Industry (DoI) said on Saturday. Investors registered 496 industries at the DoI with the committed investment of 350.58 billion Nepali rupees (3.18 billion U.S. dollars) in the last fiscal, DoI […]


Revenue worth Rs. 2.6 million collected

Nuwakot, July 28: The District Administration Office has collected revenue worth Rs. 2.69 million in the previous fiscal year 2074/75. According to the details made public on Friday, the highest revenue collection was from making of passports in the district. A total of 4,968 locals acquired their passports and thereby paying Rs. 2.6 million in […]


Direct bus service from Bhaktapur-Pokhara started

Bhaktapur, July 27: Direct bus service from Bhaktapur to Pokhara has been operated from today. Mayor of Suryabinayak municipality, Basudev Thapa, inaugurated the bus service and welcomed the passengers including two foreign nationals travelling to Pokhara. On the occasion, Mayor Thapa said that the Municipality is going to develop Suryabinayak area of Bhaktapur as a […]




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